Recent 8-K filings for JVA
Highest-materiality recent filing
Coffee Holding (JVA) to merge with Delta Corp in $655M deal; JVA holders get 4.79% of Pubco
- JVA shareholders receive 1 Pubco share per JVA share, valued at $5.50/share (127% premium to JVA's last close).
- Delta's FY2021 revenue $532M, net income $45M; 171% revenue growth and 828% net income growth YoY.
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Coffee Holding restores CEO salary to $450K, eliminates $1.6M bonus
Amendment No. 2 restores Andrew Gordon's base salary to $450,000/yr effective Feb 1, 2026 (from $80,000).
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Coffee Holding amends 8-K correcting CEO's base salary reduction from $450K to $80K
Corrects prior 8-K: CEO Andrew Gordon's base salary cut from $450,000 (not $325,000) to $80,000 per annum.
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Coffee Holding Q2 net income falls 59% to $262K; sales down 5.1% to $22.1M
Q2 net sales $22.13M (-5.1% YoY); net income $262K ($0.05 EPS) vs $644K ($0.11 EPS) LY.
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Coffee Holding Q1 revenue up 20% to $25.6M; EPS $0.29 vs $0.20
Revenue $25.566M, +20% YoY from $21.305M in Q1 FY2025.
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Coffee Holding extends revolving credit facility maturity to Dec 28, 2026
Entered Twelfth Loan Modification with Webster Bank, extending maturity from prior date to December 28, 2026.
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CEO Andrew Gordon salary cut to $80k, gets $1.6M retention bonus if employed through 2030
Base salary reduced from $325,000 to $80,000 per annum effective Feb 1, 2026.
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Coffee Holding FY2025 sales up 23% to $96.3M but EPS drops to $0.25; declares $0.08 dividend
Sales $96.3M (+23% YoY); net income $0.25/share vs $0.39 in FY2024.
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Coffee Holding Co. say-on-pay fails at annual meeting; directors elected
Advisory executive compensation proposal not approved: 1.02M for, 1.64M against.
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Coffee Holding to close North Andover, MA facility; expects annual savings of $700k
Company to close Comfort Foods North Andover, MA manufacturing facility at end of October 2025.
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Coffee Holding Q3 net sales up 27% to $23.9M; net loss of $1.19M on derivative losses
Net sales $23.9M vs $18.8M (+27% YoY); net loss $1.19M vs prior year profit.
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Coffee Holding Q2 EPS $0.11 vs slight loss last year; revenue up 22%; resumes annual dividend
EPS of $0.11 per share vs slight loss in Q2 2024; revenue up 22% YoY.
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Coffee Holding Q1 EPS $0.20 vs $0.06 YoY; revenue up 9%
EPS of $0.20 per share for quarter ended Jan 31, 2025, compared to $0.06 in prior-year period.
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Coffee Holding Co. replaces auditor Marcum with CBIZ CPAs after Marcum acquisition
Marcum resigned Feb 26, 2025 due to CBIZ CPAs acquiring its attest business; new auditor is CBIZ CPAs P.C.
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Coffee Holding posts FY2024 net income of $2.2M vs loss; sales up 15% YoY
Net income $2.245M ($0.39 per share) vs net loss of $0.836M (-$0.15) in FY2023.
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Coffee Holding buys Empire Coffee assets for $800k; creates Second Empire subsidiary
Paid $800k for Empire's inventory, equipment, AR, customer list, and IP; paid Nov 7, 2024.
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Coffee Holding stockholders re-elect all directors, ratify auditor, approve say-on-pay
Andrew Gordon, Daniel Dwyer, Barry Knepper re-elected with 2,336,020, 2,737,747, and 2,162,298 votes for, respectively.
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Coffee Holding Q3 net income $0.11/share vs loss of $0.02; sales up 19% to $18.8M
Net sales $18.8M, +19% YoY; gross margin improved to 20.9% from 15.5%.
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Coffee Holding extends loan maturity to June 2025, cuts facility to $10M
New maturity date of June 29, 2025; maximum facility reduced from prior level to $10,000,000.
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Coffee Holding terminates merger with Delta Corp; moves forward as independent company
Terminated Merger Agreement with Delta Corp Holdings Limited, originally announced Sept 2022; no early termination penalties.
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Coffee Holding shareholders approve adjournment of special meeting for merger vote
Shareholders voted FOR adjournment: 2,263,373 FOR; 1,179,408 AGAINST; 46,151 ABSTAIN.
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Special Meeting on business combination and Merger Agreement adjourned to April 1, 2024 at 12:00 p.m. ET.
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Coffee Holding (JVA) F-4 for Delta merger declared effective; shareholder vote March 28
SEC declared Form F-4 effective for Coffee's merger with Delta on March 6, 2024.
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Coffee Holding extends merger outside date with Delta Corp to April 1, 2024
Amendment No. 2 to Merger and Share Exchange Agreement extends Outside Date from Dec 31, 2023 to Apr 1, 2024.
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Delta Corp awarded $34M multimodal logistics park in Nagpur; sees phase 1 EBITDA ~$22M/yr
Delta awarded 45-year concession to build and operate 150-acre multimodal logistics park in Nagpur, India.
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Received Nasdaq notice on Oct 30, 2023 for failing $1 minimum bid price; 180 days to regain compliance by April 29, 2024.
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David Gordon and John Rotelli elected to three-year director terms; Gordon received 2,243,979 for, 642,087 withheld; Rotelli received 1,991,587 for, 894,479 withheld
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Coffee Holding (JVA) files F-4 for merger with Delta; Delta shareholders to become majority owners
Registration statement on Form F-4 filed with SEC for proposed business combination between Coffee Holding and Delta.
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Coffee Holding furnishes presentation on Delta Corp merger; no new specifics disclosed
JVA provided a company presentation regarding the proposed business combination with Delta Corp Holdings.
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Coffee Holding sets 2023 annual meeting for Oct 27; reduces quorum to one-third
Bylaw amendment reduces quorum for stockholder meetings from majority to one-third of voting power.
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Coffee Holding extends merger with Delta to Dec 31, 2023; Delta closes $15M revolver
Amendment No. 1 extends Outside Date of merger from June 29, 2023 to December 31, 2023.
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Coffee Holding (JVA) and Delta submit draft F-4 for proposed merger
Coffee Holding (JVA) and Delta Corp Holdings confidentially submitted a draft registration statement on Form F-4 to the SEC.
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Coffee Holding provides update on pending merger with Delta Corp; no new financial details
Proposed business combination with Delta Corp Holdings, originally announced Sept 29, 2022, remains pending.
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Coffee Holding receives Nasdaq deficiency notice for late 10-K and 10-Q filings
Received notice on March 21, 2023 for failure to file 10-K (Oct 31, 2022) and 10-Q (Jan 31, 2023).
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Coffee Holding amends loan agreement with Webster Bank to waive defaults
Ninth Loan Modification Agreement signed March 15, 2023 with Webster Bank.
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Errors overstate net sales and cost of sales by ~$8.3M for FY2020 and ~$9.9M for FY2019; no impact on net income, EPS, balance sheet, or cash flows.
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Coffee Holding receives Nasdaq non-compliance notice for late 10-K filing
Received notice on Feb 2, 2023 for failure to file Annual Report for year ended Oct 31, 2022.
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Net sales and cost of sales overstated by ~$8.3M in fiscal 2020; no impact on net income or EPS.
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Coffee Holding (JVA) to merge with Delta Corp in $655M deal; JVA holders get 4.79% of Pubco
JVA shareholders receive 1 Pubco share per JVA share, valued at $5.50/share (127% premium to JVA's last close).
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Coffee Holding Q3 net sales up 25% to $17.0M; net income of $132K vs prior-year loss
Net sales $17.0M (+24.8% YoY) driven by legacy customers and new accounts.
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Eighth Loan Modification Agreement with Webster Bank dated June 28, 2022.
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Coffee Holding Q2 net sales up 14% but records net loss of $0.06 per share on Steep N Brew losses
Net sales $16.5M, up 14% YoY; net loss $368K vs net income $357K last year.
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Coffee Holding annual meeting re-elects Thomas and DeCapua, ratifies auditor, passes say-on-pay
George F. Thomas re-elected with 2,298,596 votes for, 940,274 withheld; Gerard DeCapua with 2,009,689 for, 1,229,181 withheld.
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Coffee Holding Q1 revenue down 7.9% to $16.7M; EPS falls to $0.05 from $0.12
Net sales $16.7M vs $18.1M YoY; decline driven by loss of customers at Steep N Brew subsidiary.
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Audit committee dismissed EisnerAmper and engaged Marcum as independent registered public accounting firm on Feb 14, 2022.
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Coffee Holding dismisses EisnerAmper, hires Marcum as auditor; material weaknesses noted
Audit committee dismissed EisnerAmper effective Feb 14, 2022; engaged Marcum LLP for FY 2022.
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Coffee Holding reports FY2021 EPS $0.22 vs loss $0.02; declares $0.07 special dividend
Net sales $63.9M, down 14% YoY; gross margin improved to 25% from 18%.
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Coffee Holding Co. wins dismissal with prejudice of class action over coffee cup claims
On Sept 28, 2021, court granted motion to dismiss with prejudice the putative class action filed Dec 2020.
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Coffee Holding Q3 net loss $0.02/shr; nine-month net income up to $0.16/shr
Net loss of $127K ($0.02/shr) for Q3 vs. net income of $391K ($0.07/shr) a year ago.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.60 · Most common event other_material